The headline reading for the Switzerland’s CPI showed that consumer prices declined to 0.0% in September from 0.1% in August, while the declining to 0.9% yearend amid expectations of holding flat t -0.8%. The breakdown of the report illustrated the largest decrease in prices during September to be petroleum products (-27.7%) and energy products (-16.1%). At the same time, core prices excluding energy and food rose 0.1% from the previous month. Looking ahead, the pace of the plunge in prices may begin to level out as the global economy is recovering and as demand for crude oil increases. As the SNB expects consumer prices to drop 0.5% this year, the bank will pay close attention to its currency markets and may intervene in the future by selling some of the foreign currencies it recently purchased in order to stem further downside risk of its economy as the franc has fallen by more than 2% against the euro.